Inflation Rates a bit higher than forecasted. That caused Dollar Index to make a quick pump & rejection move. All depends now on how this 4H candle close.

@WiseAnalyze #DXY #ta

Dollar Index bouncing 👀

Possible re-test of 103-103.2

@WiseAnalyze #DXY #ta

Dollar Index closed the gap at ~103.6

So far no signs of stopping, but that would be a nice spot to reverse. If not, next is 103.9

Most probably trend will remain till tomorrow Feds Interest rates announcement.

@WiseAnalyze #DXY #ta

Dollar Index chart right now at day timeframe

@WiseAnalyze #DXY #ta

Dollar Index Week Timeframe

DXY moved according to my drawing from April 18th analysis. So it came back to an important level (March close) from where it can potentially continue moving up towards the gap with EQ around 108.4

At the same time if DXY won't make it above 105 this or next week, it can lose the momentum gained in March and April and go down to the bottom of that range around 101

@WiseAnalyze #DXY #ta

Dollar Index - illustration to what I described in BTC reviews two days in a row. Those SMAs also correlate with lower trendline. Basically chart haven't formed higher low yet, as we got to see that swing complete. But in case DXY grow above last lower high, that will be a confirmation.

DXY been moving sideway since November 2022. Wide range, but its a range with middle around 2023 open (~103.4 at this chart). Therefore June can bring anything - big pump where crypto dumps, or big dump with bullish crypto. As I wrote in BTC review - if we get any confirmation, it will take another 3-5 working days (so may even not happen this week).

@WiseAnalyze #DXY #ta

Dollar Index bounced from 2023 open and pumped on Friday, which caused crypto dump. If continue above last week high, most probably go for re-test of above bear order block around 105.7, but that is yet a possibility several working days away from now. And before that DXY might drop back a little. Afterall last month close was bearish, so these lower timeframes pumps can't fully cancel higher timeframe picture yet. There is still a chance to see DXY back to 2023 close (~ 100.9) at some point - end of Summer, beginning of Autumn.

@WiseAnalyze #DXY #ta

DXY dumped crypto last week, but within nearest 1-2 days there is a chance for small pull back. Its just a guess based on overextended pump and same scale dump in Gold. Gold bounce, and crypto will.

@WiseAnalyze #DXY #ta

As you can see Dollar Index moved more or less the same as I foreseen. The only difference that it didn't help BTC much. But if that pullback move will also happen, that will surely will. We will know in one hour with CPI/Inflation rates announced.

@WiseAnalyze #DXY #ta #update